I'm a bit disturbed by all the newbies swarming here writing good things about the exchange.
That aside, it's always good to see diversity in the bitcoin community. Having options and choices is healthy for this industry and the technology driving it.
Trust is incredibly important when you run an exchange. Especially a new exchange which has no verifiable record of sustained success and credibility, no proof of consistent and balanced inflow and outflow of traded coins, and an insufficient operating history showing lengthy and significant track records.
Technically gifted scammers have the resources and know-how to build sophisticated websites designed to impress and entice even the most discerning and seasoned cryptocurrency trader. Scammers know it's difficult to steal here as an individual because of the escrow system which is why opening exchanges overnight is now all the rage. It's the best and surefire way to bypass the escrow challenge. That's because exchanges traditionally do not incorporate an escrow system. They are seen as the good guys while the users are, well, the less trusted little ones so they are expected to send or go first.
Using a fake exchange open doors to a higher inflow of coins at any given time which in turn translates to a proportionally larger loot for the thieves accrued within a very short period of time. The 3 components scammers need to initially invest are A) time to create the exchange, B) the technical elements and coding know-how for creating that exchange and C) the money to pay for A and B. Scammers are wiling to invest if they know the operation will later yield them a pile of money. A really big pile of cash.
OP might be a legitimate exchange but this is difficult to establish and ascertain. One has to look at the entire picture here, consider all angles of the triangle and think very carefully before sending coins to their hot wallet. There are so many out there that promised to be THE exchange which everyone has long waited for, only to do a quick exit after raking in millions or even less.
Hi there,
Thanks for the post. We agree that people participating in the market should be protected as much as possible. We also hold the view that it is important for new entities to enter this market, which is why your post is quite hard for us to digest what it is actually suggesting.
When we released our ANN, we also sent out emails to our customers expressing there is a new "support option" for customers who wish to provide feedback or require technical assistance. I suspect this is the reason for your observation of some newbie accounts posting in our thread. We also try to reply to every post as promptly as possible (which obviously also helps us due to the bump).
Of our current customer base, 90% of these customers are using us as a bridge into other exchanges (buying bitcoins/litecoins/eth) to buy Altcoins. Which means we are not holding much in terms of client liabilities at any given time (the thing most scam artists run off with).
If there is something we can do within reason (and we are very open to the idea) to prove our legitimacy, please let us know. We are most certainly not claiming to be something of which we are not. We are just here to provide a service to our user base and offer services to potential users. If you wish to PM us with any ideas about showing our legitimacy we are happy to hear them.
Sincerely,
The Omicrex Team
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